Top Brokers for Traders in Spain for 2020

We found 10 online brokers that are appropriate for Trading Spanish.

Best Spanish Brokers Guide

Spanish Financial Markets

Spanish Brokers

Spain is known as one of the most important financial powerhouses of the European Union. Spanish brokers are well regulated by regulatory bodies in the Spain.

Spain is a large country with a sizeable financial market due to a high population. Spain is a desirable destination for many stock, Forex, CFD and commodity traders who make full use of brokerages in Spain.

National Securities Market Commission (CNMV) regulates the financial and securities markets of this European country. It implements tough policies and guidelines on exchanges, institutions and Spanish brokers. The CNMV aims to promote a stable financial market in Spain.

Trading with Spanish Brokers

You will find several brokers in Spain for your trading needs.

If you are new to the Spanish financial markets, it is suggested to open multiple demo accounts with multiple brokers. This will help you to get experience without risking your money.

Most Spain brokers offer demo accounts allowing you to practice with trading with pretend money. Once you gain experience opening and closing positions successfully, you can then open live accounts with which you can trade using your real money.

If the broker you choose is based in Spain, they will be regulated under the CMNV.

If a broker does not have a presence in Spain check whether they are well regulated by authorities in other major EU countries like the UK and Germany.

Its natural to have need for customer services at some point. Check that the Spanish brokers have a proper communication channel to serve clients with solutions to problems. Spanish brokers should be able to communicate with you in your language.

Make sure that the Spanish brokers you trade with keep your deposited funds segregated with their own. This means if the brokerage goes bankrupt they do not have access to your funds. If your broker is regulated you have a level of protection in getting your deposited money back.

Spain Trading Advantages

The Spanish economy is one of the largest in the European Union and in 2017 its GDP reached $1.314 trillion. Traders find the country an important and fruitful destination to build wealth. The opportunities here include major infrastructure projects.

Lately, Spain has reformed its labor laws as well as the financial sector. The cost of doing business now has become less costly. Moreover, doing business in Spain means opening similar possibilities in countries like Latin America and the Caribbean as Spanish is the most spoken language there.

World Bank has ranked Spain 19th in resolving insolvencies and 23rd in enforcing contracts. In terms of ease of doing business the country is placed in 30th position.

Spain Trading Challenges

The closest trading partners of Spain are Germany, Italy, France, the United Kingdom and Portugal.

UK is scheduled to exit the EU soon and this can impact the Spanish exports. Moreover, Spain's dependency on oil and value added goods imports has resulted in negative balance of trade.

Apart from all this, trade wars and trade tariffs of trading partners could adversely affect the Spanish economy.

World Bank has ranked the country 86th in terms of starting a business and 78th for dealing with construction permits. Obtaining credit in Spain and registering property can be difficult in Spain in comparison to some large economies in the EU.

Spanish Brokers Verdict

Spain is a good trading country and Spain brokers are well regulated in the country and also by the MiFID of EU. The financial markets are stable.

Traders from across the world find Spanish stocks, Forex, CFD and commodity markets fruitful and a great path to build wealth.

Spain and its capital Madrid has been a financial center in Europe for over a hundred years.

Spain also known as Espa馻 Or Kingdom of Spain Reino de Espa馻 has a number of established reputable financial markets.

The main securities markets in Spain include the Bolsa de Madrid which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

Restructuring and deregulation has transformed the financial sector in Spain over the last 30 years with important changes in the Bolsa de Madrid, insurance, banking, shipping, and commodity markets.

Banco de Espa馻 is responsible for issuing monetary policy in Spain.

Best Spanish Brokers

We've collected thousands of datapoints and written a guide to help you find the best Brokers for Traders in Spain for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best spanish brokers below. You can go straight to the broker list here.

Trading in Spain

When trading in Spain you will need to know what your options with your Spain trading broker are.

We list below the trading account types available in Spain. If you are looking for brokers in Spain that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this Spain broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Spain

Forex trading is growing in popularity in Spain. The volume of Forex traded in Spain has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Spain and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Spain?

Their is a misconception that trading Forex on the financial market in Spain is considered unsafe. This is not the case, Forex trading in Spain is very active.

Trading in Forex is allowed in Spain as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Spain Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Spain?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Spain the trader should make sure all taxes owed for a financial year are paid. Spain taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Spain. You should seek advice with a Spain tax professional to ensure they are abiding by all proper tax laws in Spain. In Spain Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Spain

Cryptocurrency markets in Spain are relatively new. Because Cryptocurrency works on decentralised assets in Spain things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Spain for example.

Due to a large young population in Spain with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Spain. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Spain

In Spain commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Spain since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Spain are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Spain here.

Islamic Accounts in Spain

Spain brokers support Islamic accounts or swap-free accounts. Spain Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Spain offer accounts that are suitable for Islamic traders. These Spain brokers complies with Sharia law.

Benefits of Trading in Spain

Spain economy and population is growing. The middle class population in Spain is increasing which means a growing consumer base. Many business and financial opportunities exist in Spain. Spain has a young population educated in technology and the internet.

Concerns of Trading in Spain

Spain digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Spain guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Spain Brokers offering high leverage trades in Spain can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Spain brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Spanish Brokers Checklist

There are a number of important factors to consider when picking an online Spanish trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Spanish broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Spanish Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Spanish Brokers of 2020 compared

Here are the top Spanish Brokers (ES).

Compare Spanish Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are spanish brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more spanish brokers that accept spanish clients

Broker eToro IC Markets Trading212 XTB FP Markets Pepperstone Plus500 FXPrimus Roboforex EasyMarkets
Rating
locality eToro accept Spanish clients IC Markets accept Spanish clients Trading 212 accept Spanish clients XTB accept Spanish clients FP Markets accept Spanish clients Pepperstone accept Spanish clients Plus500 accept Spanish clients FXPrimus accept Spanish clients Roboforex accept Spanish clients easyMarkets accept Spanish clients
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi贸n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Min Deposit 200 200 1 No minimum deposit 100 200 100 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 60,000+ 14,000,000+ 250,000+ 10,000+ 10,000+ 15,500+ 10,000+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
trading212
Sign Up with
xtb
Sign Up with
fpmarkets
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
roboforex
Sign Up with
easymarkets
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
IC Markets
Demo
Trading 212
Demo
XTB
Demo
FP Markets
Demo
Pepperstone
Demo
Plus500
Demo
FXPrimus
Demo
Roboforex
Demo
easyMarkets
Demo
Excluded Countries US, IR, KP, BE, CA, JP, SY, TR, IL, HK AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US US, IN, PK, BD, NG , ID, BE US, JP, NZ BR, KR, IR, IQ, SY, JP, US BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, JP US

All Spanish brokers in more detail

You can compare Spanish Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Spanish Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Spanish brokers below.

Spanish Brokers List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi贸n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)